Step 1: Sort the letters.
The word MESSI has letters E, I, M, S, S in alphabetical order. Note S repeats twice.
Step 2: Count words starting with E.
Fix E first; the rest I, M, S, S arrange in $\dfrac{4!}{2!} = 12$ ways.
Step 3: Count words starting with I.
Fix I first; the rest E, M, S, S arrange in $\dfrac{4!}{2!} = 12$ ways. So $12+12 = 24$ words come before any starting with M.
Step 4: Start the M words.
Now words begin with M, then we order the rest E, I, S, S alphabetically. The smallest is MEISS, which is the 25th word.
Step 5: Find the next word.
The next arrangement after MEISS, moving the letters forward, is MESSI, the 26th word.
Step 6: State the rank.
So MESSI sits at position \[ \boxed{26} \]